Day: February 11, 2025

Canada says response to 25% aluminium and steel tariff will be ‘clear and calibrated’; Hong Kong to file complaint with World Trade Organization over tariffs imposed on city

* Trump announces 25% tariffs on foreign steel and aluminium

EU trade ministers are set to hold a video conference on Wednesday, following last night’s announcement that the US will impose 25% tariffs on steel and aluminium tariffs, Reuters reports, citing EU diplomats.

The European Commission, which oversees trade policy for the European Union, will seek to gauge views of the 27 EU members at the video conference due to take place at 3pm GMT. Continue reading…
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Murray Auchincloss reports fall in annual profits to $8.9bn last year from almost $14bn in 2023

* Business live – latest updates

The chief executive of BP has defended its tumbling profits as the board braces for a campaign by an activist investor to overhaul the troubled oil company.

Murray Auchincloss reported a sharp slump in BP’s annual profits to $8.9bn (£7.9bn) last year from almost $14bn in 2023, just days after it emerged that the activist hedge fund Elliott Investment Management has taken aim at the oil major by building a stake in the company. Continue reading…
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Catch up with the most important stories from around Europe and beyond – latest news, breaking news, World, Business, Entertainment, Politics, Culture, Travel.
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“I’m speaking for myself,” Trump said, “Israel can override it.”
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Members of the global military community gathered on the side-lines of an AI summit in Paris to discuss how recent developments are impacting ongoing – and future – conflicts.
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